Oil tax – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Wed, 22 Oct 2025 13:52:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Oil tax – InfoStride News https://www.theinfostride.com 32 32 Oil Tax Revenue Drops by 53%, Says FAAC Report https://www.theinfostride.com/oil-tax-revenue-drops-by-53-says-faac-report/ https://www.theinfostride.com/oil-tax-revenue-drops-by-53-says-faac-report/#respond Wed, 22 Oct 2025 13:52:32 +0000 https://www.theinfostride.com/?p=469731 Nigeria’s oil tax revenue plunged by 53% in the first half of 2025, according to the latest report released by the Federation Account Allocation Committee (FAAC). The steep decline underscores the ongoing challenges facing the country’s petroleum sector despite rising global oil prices and efforts to stabilise domestic production. The FAAC report revealed that oil-related [...]

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